Deltec Asset Management LLC Invests $4.15 Million in Antero Resources Corporation $AR

Key Points

• Deltec Asset Management LLC has invested approximately $4.15 million to acquire 103,000 shares in Antero Resources Corporation, marking a notable increase in institutional investor involvement in the company.
• Antero Resources reported $0.35 earnings per share for its latest quarter, missing estimates, although it saw a 32.6% increase in revenue compared to the previous year.
• Analysts have given Antero Resources an average rating of "Moderate Buy" with a price target of $43.75, reflecting cautious optimism about the company's future performance.

Deltec Asset Management LLC bought a new stake in Antero Resources Corporation (NYSE:AR - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 103,000 shares of the oil and natural gas company's stock, valued at approximately $4,149,000.

Several other large investors also recently made changes to their positions in the stock. Invesco Ltd. lifted its stake in Antero Resources by 44.3% in the first quarter. Invesco Ltd. now owns 4,440,328 shares of the oil and natural gas company's stock valued at $179,567,000 after acquiring an additional 1,362,370 shares during the last quarter. Raymond James Financial Inc. boosted its position in Antero Resources by 10.7% during the 1st quarter. Raymond James Financial Inc. now owns 4,423,044 shares of the oil and natural gas company's stock worth $178,868,000 after buying an additional 428,167 shares during the period. Assenagon Asset Management S.A. raised its holdings in Antero Resources by 2.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 3,843,592 shares of the oil and natural gas company's stock worth $154,820,000 after purchasing an additional 99,635 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Antero Resources by 46.1% during the 1st quarter. Ameriprise Financial Inc. now owns 2,288,812 shares of the oil and natural gas company's stock worth $92,563,000 after purchasing an additional 721,767 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Antero Resources by 2.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,003,424 shares of the oil and natural gas company's stock valued at $81,018,000 after acquiring an additional 41,780 shares in the last quarter. Institutional investors own 83.04% of the company's stock.

Antero Resources Stock Up 0.0%

Shares of AR opened at $33.56 on Wednesday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.15. The business has a fifty day moving average of $32.47 and a 200 day moving average of $35.96. Antero Resources Corporation has a 52-week low of $25.36 and a 52-week high of $44.01. The company has a market cap of $10.37 billion, a PE ratio of 21.38 and a beta of 0.63.

Antero Resources (NYSE:AR - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The oil and natural gas company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.33). Antero Resources had a net margin of 10.13% and a return on equity of 6.48%. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the previous year, the firm earned ($0.21) earnings per share. The business's revenue was up 32.6% compared to the same quarter last year. On average, sell-side analysts expect that Antero Resources Corporation will post 2.74 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Scotiabank reaffirmed an "outperform" rating on shares of Antero Resources in a report on Wednesday, August 13th. Mizuho lowered their price target on shares of Antero Resources from $49.00 to $41.00 and set an "outperform" rating on the stock in a report on Monday, September 15th. Barclays lifted their price target on shares of Antero Resources from $38.00 to $43.00 and gave the stock an "equal weight" rating in a research note on Monday, July 7th. Wells Fargo & Company set a $39.00 target price on shares of Antero Resources and gave the stock an "equal weight" rating in a research note on Tuesday, July 15th. Finally, UBS Group dropped their target price on shares of Antero Resources from $43.00 to $42.00 and set a "buy" rating on the stock in a report on Monday, September 15th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Antero Resources currently has an average rating of "Moderate Buy" and an average price target of $43.75.

Antero Resources Company Profile

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.

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